Bloomberg News

Better Place Begins Delivering First Electric Cars to Israel

January 24, 2012

(Updates with CEO comment in third paragraph.)

Jan. 23 (Bloomberg) -- Better Place LLC, a U.S. start up developing charging stations, started its first commercial roll- out with 100 electric cars to Israeli customers.

Better Place, founded by former SAP AG executive Shai Agassi, is in partnership with Renault SA to build and operate electric-car charging networks and battery-exchanging stations, starting in Israel and then in Denmark.

“The first wave of electric cars is the ultimate proof that the change is here,” Chief Executive Officer Moshe Kaplinsky of Better Place Israel said in an e-mailed statement.

The delivery process in Israel will be in stages, Better Place said in yesterday’s statement.

Plug-in hybrids and all-electric vehicles have the potential to make up 9 percent of auto sales in 2020, according to Bloomberg New Energy Finance. That could rise to 22 percent of sales by 2030, or four million vehicles.

--Editors: Stephen Cunningham, Alex Devine.

To contact the reporter on this story: Gwen Ackerman in Jerusalem at gackerman@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net


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